Sales of rental real estate assets in the first nine months of 2021 reached €4 billion, according to data from JLL. The figure represents a slight increase of 4% compared to the same period in 2020 — a much slower pace of recovery than has been seen so far.
In the third quarter of 2021, real estate investment in Commercial Real Estate, including the Office, Logistics and Retail sectors, stood at 1.1 billion euros, 21% less than between July and September of the previous year. It also represents a 52% decrease compared to the second quarter of 2021.
JLL attributes this fall to the good performance of the logistics markets – with the Montepino and Bankinter mega-deal having an impact on the figures for the first half of 2021 – and the rebound effect experienced last summer, after the months of confinement.